Compare the top 8 payment gateway providers and services in Malaysia (2026)

Key takeaways

• Malaysian consumers use a wide mix of payment methods. Offering more local options can increase checkout success and reduce cart abandonment.

• Payment gateways allow businesses to securely process digital transactions via payment methods such as e-wallets, cards, and buy now, pay later (BNPL) payments.

• Airwallex supports 160+ local payment methods globally and lets you accept payments in 130+ currencies, so your customers can pay their way while you reduce FX costs and improve your bottom line.

If you’re running an online business in Malaysia, your payment gateway will shape the checkout experience and influence your sales. Shoppers in Malaysia expect variety. Cards are common, but customers also use mobile wallets, online banking, or QR code payments when buying online.

When customers’ preferred methods aren’t available, they often abandon the purchase. This means that the wrong payment setup has a direct impact on your revenue. 

In this guide, we explain how payment gateways work in Malaysia and what to look for when comparing providers. You’ll get a side-by-side breakdown of eight major platforms and learn how to pick the one that best fits your business. We’ll also show how Airwallex can help you offer more ways to pay, reduce operational costs, and make every transaction count.

What is a payment gateway provider or service?

A payment gateway securely connects your online checkout to the networks that process cards, bank transfers, and e-wallets. When a customer places an order, it captures their payment details, checks with their bank or provider, and approves or declines the transaction. All of this happens in just a few seconds.

Malaysian shoppers use a wide mix of payment methods. According to our cross-border eCommerce report, 83% use digital payments, 64% use bank transfers, 52% use BNPL, 39% pay with debit cards, and 38% with credit cards. Across Southeast Asia, 97% of consumers say paying with their preferred method is one of the most important parts of the checkout experience.

Choosing the right payment gateway means you can offer that choice. When customers see the option they trust, they’re far more likely to complete the sale.

The top 8 payment gateway providers in Malaysia in 2026

Here are the top payment gateway providers in Malaysia: 

1. Airwallex: Airwallex is a global financial platform offering customisable low- and no-code payment gateway solutions to help businesses accept payments quickly across channels. Beyond payments, it provides a comprehensive suite including foreign exchange, multi-currency accounts, and Corporate Cards to streamline global operations.

2. Adaptis: Adaptis is NTT DATA Payment Services’ e‑commerce payment suite, bringing together capabilities previously offered under the iPay88 and eGHL brands. It delivers online payment solutions with strong support for local payment methods and merchant servicing.

3. Adyen: Adyen is a global payments platform known for unified commerce across online and in-person channels. It simplifies reconciliation and offers advanced risk tools and broad payment method coverage.

4. Fiuu: Fiuu is a Malaysia-based payment gateway that enables businesses to receive local and cross-border payments across Southeast Asia. It supports popular regional payment methods in Southeast Asia.

5. HitPay: HitPay is a full-stack payment gateway designed for small businesses in APAC, offering local payment methods and easy-to-use tools. Its ecosystem includes checkout, invoicing, and no-code integrations.

6. PayPal: PayPal is a global payment solution provider recognised for secure transactions and a familiar checkout experience. Merchants benefit from its international reach and a range of tools that support online commerce and customer trust.

7. SenangPay: SenangPay is a Malaysia-based gateway offering local payment solutions and cross-border capabilities tailored to small businesses across Malaysia and Indonesia. It emphasises simplicity with quick setup, local language support, and accessible pricing.

8. Stripe: Stripe is a developer-friendly payments platform offering an extensive range of customisable tools for online businesses. Its application programming interfaces (APIs), billing features, and fraud prevention products support fast-growing companies seeking to optimise conversion and scale globally.

Before we go into the details, here are two overview tables that you can use to compare each payment gateway. The first overview looks at features, while the second overview looks at fees. 

Payment gateway feature comparison

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

Payment gateway fee comparison

Additional fees may apply. Please check the provider's website for the latest information.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

6 Features to look for in a payment gateway service provider

Before selecting a payment gateway, evaluate these critical features to ensure you choose a provider that meets your needs.

1. Payment method coverage

Make sure the provider supports local options your customers expect, such as e-wallets, bank transfers, QR codes, and BNPL.

2. Developer tools and integrations

Choose a gateway with robust APIs and plug-ins for platforms like Shopify or WooCommerce, so your team can get up and running quickly.

3. Security and fraud prevention

Pick a PCI DSS-compliant provider with built-in fraud detection and dispute management tools to help keep your transactions secure.

4. Settlement and payout flexibility

Look for features like like-for-like settlement and multi-currency wallets to avoid forced conversions and improve cash flow control.

5. Value-added services

Some providers offer extras like card issuing, FX management, and expense tracking, which reduces your need for separate tools.

6. Scalability

Your payment platform should grow with your business, handling higher transaction volumes and new sales channels without disruption.

The best payment gateway providers in Malaysia: Key features and fees

Choosing the right payment gateway directly affects your checkout conversion, payment costs, and ability to serve more customers. Below, we compare eight leading providers in Malaysia and break down what each one offers.

1. Airwallex

Airwallex helps you accept customer payments through a single integration that supports a wide range of local methods. Payments are routed through domestic acquiring partners to improve approval rates and reduce costs. You can collect payments in multiple currencies and settle like-for-like, which protects your margins. Alongside payment acceptance, Airwallex also offers tools for FX, reconciliation, and financial operations, so you can manage more from one platform.

Note: The information in this table has been reviewed to be accurate as of 13 January 2025 

2. Adaptis (iPay88 and eGHL)

Adaptis works well if you sell in Malaysia, Thailand, or other countries in Southeast Asia. The platform includes features to help you manage both online and offline sales, plus business financing for SMEs and payment infrastructure for enterprises. Since their pricing isn't published online, you'll need to contact their sales team to get a quote.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

3. Adyen

In Malaysia, Adyen supports in-store, online, and mobile payments through a single platform, with features designed to unify transactions across multiple sales channels. It uses an Interchange++ pricing model, where your total fee is made up of the underlying card network/issuer costs plus a small Adyen fee. This gives good transaction‑level transparency, but it also means your rate is harder to forecast, as it changes depending on the card and country.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

4. Fiuu

Fiuu is a Malaysia‑based payment gateway with support for both local and cross‑border payments across Southeast Asia. It offers cash acceptance via its over the counter (OTC) network, virtual terminal tools, and marketplace payment features for splitting and routing funds between multiple parties, which may appeal to sellers operating in non‑traditional or underserved segments. Since Fiuu doesn’t publicly disclose its FX conversion margins or full settlement currency rules, businesses should reach out directly for a tailored quote and to confirm the total cost structure.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

5. HitPay

Singapore-based HitPay offers online payment processing, POS solutions, and local payment methods across Malaysia. The platform comes with small business-focused tools, including invoicing and an online store builder. However, keep in mind that international transactions incur an additional 2% fee on top of the base rate. 

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

6. PayPal

PayPal is a payment gateway that has operated globally for more than 20 years. People use it as a digital wallet, while eCommerce brands rely on it to process online payments from credit cards, debit cards, and bank transfers. In its standard implementation, PayPal Checkout often redirects customers to a PayPal‑hosted page, which can add an extra step to the checkout flow, unless you use one of the more deeply integrated on‑site options.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

7. SenangPay

SenangPay is a Malaysia-based payment gateway provider that supports local payment acceptance and basic integration options. Following its acquisition by Indonesian provider Doku in 2022, it may appeal to businesses that need to operate across both Malaysia and Indonesia, particularly where cross-border coordination is required. 

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

8. Stripe

Stripe accepts payments in more than 135 currencies worldwide. It can help reduce costs by allowing multi‑currency settlement and avoiding some unnecessary FX conversions, and it supports automatic reconciliation of payments and payouts.

Stripe settles in your default local currency (for Malaysian accounts, typically MYR) and also supports multi‑currency settlement in additional currencies if you configure extra bank accounts. When currency conversion is required, a 2% FX fee applies on top of the base rate.

Note: The information in this table has been reviewed to be accurate as of 13 January 2026 

How does a payment gateway work? 

Payment gateways handle the behind-the-scenes steps that move money from your customer’s account to yours. They work in real time, helping you accept payments securely and keep transactions flowing smoothly.

Here’s what happens after a customer clicks “Pay now”:

1. The customer submits their payment: They enter their card details or choose a local method like FPX, DuitNow, or an e-wallet. The gateway collects and encrypts this information.

2. The gateway requests authorisation: It sends the encrypted data to the payment processor, who contacts the customer’s bank to check for available funds.

3. The payment is approved or declined: The bank responds instantly. If approved, the transaction goes through and the customer sees a confirmation.

4. The funds are settled: The money moves from your customer’s bank to your account, minus any transaction fees. The exact timing depends on the provider and your payout settings.

With Airwallex, this entire process happens securely in the background, supported by built-in fraud detection, chargeback protection, and local acquiring connections that help improve payment success rates. You get full visibility into every transaction from your dashboard, so you can manage payments with confidence.

Why choose Airwallex as your payment gateway

Airwallex acts as your payment gateway, processor, and acquirer, all in one platform. That means faster settlements, better control over approvals, and fewer points of failure at checkout. You can offer over 160 local payment methods and improve trust and conversion rates by giving your customers familiar options like DuitNow and GrabPay.

For eCommerce sellers, this means accepting Malaysian ringgit at checkout, settling in USD or SGD, and cutting out unnecessary conversion fees. It also means your customers see familiar payment options like DuitNow and GrabPay, improving trust and conversion rates. Airwallex integrates with popular platforms like Shopify, WooCommerce, and Magento, so you can start accepting payments quickly and manage everything from one dashboard.

Beyond payments, Airwallex helps you manage your broader financial operations. You can open Global Accounts to receive and hold funds in multiple currencies, pay international suppliers directly from your wallet, and track everything from orders to reconciliation in one place. It’s all part of one Business Account, built for fast-growing businesses in Malaysia.

Frequently asked questions (FAQs)

How long does it take to set up a payment gateway?

It typically takes anywhere from a few hours to a couple of weeks to set up a payment gateway, depending on how complex your setup is. With an out‑of‑the‑box implementation from a provider like Airwallex, you can start accepting payments in just a few hours. You can also go for deeper customisation with Airwallex, opting for advanced routing rules, multi‑currency setups, and bespoke integrations. This will extend timelines to a few days or up to a couple of weeks. 

Can I integrate a payment gateway with my existing website or eCommerce platform?

Yes. Airwallex integrates with platforms like Shopify and WooCommerce, letting you accept payments directly through your online store. Customers can pay using their preferred local method, and you can manage everything from one dashboard.

What currencies and payment methods are supported by payment gateways?

Most payment gateway providers in Malaysia support a wide range of payment methods, including major credit cards (Visa, Mastercard), e-wallets (Touch ‘n Go, Apple Pay and Google Pay) and local bank transfers through FPX. Airwallex supports over 160 local payment methods, including cards, e-wallets, and FPX. You can accept payments in over 130 currencies and choose how you settle, helping reduce conversion fees. Check your provider’s supported payment list to confirm available payment methods and currencies.

Do payment gateways offer fraud protection and chargeback management?

Yes. Airwallex includes real-time fraud protection and chargeback management tools as part of its payment gateway. A machine learning engine trained on millions of data points to detect suspicious behaviour instantly scans every card transaction. You also get advanced tools like 3D Secure, network tokenisation, and transaction monitoring built into the platform, helping you reduce fraud, minimise chargebacks, and keep your business protected.

How safe are payment gateway services?

Payment gateways take security seriously. Airwallex is PCI DSS compliant and uses advanced security measures to keep your payments and data safe. The platform includes real-time fraud monitoring, tokenisation, and secure data encryption across all transactions.

Sources:

1. https://www.nttdatapay.com/en/our-business/adaptis

2. https://www.adyen.com/

3. https://fiuu.com/ 

4. https://hitpayapp.com/sg/cross-border-payments, https://hitpayapp.com/blog/hong-kong-payment-gateway-why-hitpay-is-the-ultimate-choice-for-smbs

5. https://www.paypal.com/us/webapps/mpp/country-worldwide 

6. https://senangpay.com/

7. https://stripe.com/en-sg 

8. https://www.airwallex.com/my/terms/fee-schedule

9. https://www.adyen.com/pricing

10. https://hitpayapp.com/my/pricing, https://hitpayapp.com/blog/best-mobile-card-reader-for-malaysian-small-businesses-in-2025-hitpay-wisepad-3-vs-ipay88-plug-n-pay-vs-cimb-plug-n-pay

11. https://wise.com/us/paypal-fee-calculator/

12. https://senangpay.com/faq/

13. https://stripe.com/en-my/pricing, https://stripe.com/en-my/pricing/local-payment-methods 

14. https://guide.senangpay.com/receiving-overseas-transactions

​​This publication does not constitute legal, tax, or professional advice from Airwallex nor substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Malaysia) Sdn Bhd is licensed in Malaysia as a MSB Class B (remittance business only) licensee and is regulated by Bank Negara Malaysia (licence number 00318).